With the goal of improving his business' position in the market and to make it more profitable Eider is requesting a loan to help him buy supplies (wood, plastic bottles, etc.). This is necessary to build more beehives to replace the ones that have deteriorated, improving the quality of his end product for bottling. This will increase his production and level of profits.
Eider dreams of boosting his level of production which would allow him to attain an increase in sales and consolidate his business in the regional market. This would give him the opportunity to improve his standard of living and provide more well-being for his family.
Con el propósito de seguir posicionando su negocio en el mercado y hacer que sea más rentable, solicita el apoyo del crédito para comprar insumos (madera, envases plásticos, entre otros), necesarios para fabricar más colmenas y así podrá cambiar las que están deterioras, mejorando la calidad del producto final para envasar, lo que ocasionará un incremento en la producción y en el nivel de utilidades.
Eider sueña con aumentar los niveles de producción para que le permita lograr un crecimiento de las ventas y consolidar su microempresa en el mercado a nivel departamental, esto le dará la posibilidad de mejorar la calidad de vida y brindarle un mejor bienestar a su familia.
More information about this loan
By funding this loan, you are promoting entrepreneurship in remote regions, including areas recovering from guerilla warfare in Colombia, and helping to reverse the rural exodus which occurred in the past decades when a the rural population fled their countryside homes for the safer cities.
This Kiva loan was created by Kiva's field partner Interactuar specifically for Kiva funding, in an effort to reach more borrowers in rural areas. Most of the Interactuar's lending operations are focused in urban parts of Medellin. But this loan product is designed to provide working capital to riskier agricultural businesses who have been traditionally excluded from the finance sector.
Important InformationThis loan is structured on Kiva as a bullet loan, which means a single payment is required at the end of the loan term. By Colombian law, Kiva's partner Interactuar is required to offer borrowers loans with a variable interest rate that fluctuates with the market rate. Because fixed monthly payments are applied first to interest and then to principal, Interactuar is unable to predict upfront what portion of each repayment would go towards the loan principal. This creates a challenge with Kiva's system, which doesn't allow for unpredictable principal payments, and can result in some Interactuar clients appearing falsely delinquent. To remedy this, the loan has an end-of-term repayment plan on Kiva, but the borrower will continue scheduled monthly repayments to Interactuar, who will then pass along the principal amount to Kiva lenders. This means that you may see repayments made on this loan throughout the repayment term, as opposed to receiving repayment in full at the end of the loan term.
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